Wallenius Wilhelmsen rolls out net zero-aligned sustainable financing framework

Norwegian roll-on/roll-off (RoRo) shipping and logistics company Wallenius Wilhelmsen has launched a sustainable framework promoting green financing practices.

Back in 2022, the company introduced its first sustainability-linked financing framework, aiming to reduce carbon intensity by 27.5 percent from 2019 to 2030.

“The new framework is more ambitious and aligns with our commitment to achieving net-zero greenhouse gas emissions by 2040. Our targets have been validated by the Science-Based Target Initiative to ensure that they adhere to the latest climate science and sector pathways to meet the Paris Agreement’s 1.5°C target,” Wallenius Wilhelmsen explained.

The company’s Sustainable Financing Framework 2025 sets out the terms under which the Wallenius Wilhelmsen Group may raise financing through:

• Green bonds, loans, and derivatives
• Sustainability-linked bonds, loans and derivatives.

“Our intention is to allocate our green financing to the new dual-fuel capable vessels that align with the EU Taxonomy. We recognize that a common interpretation of the taxonomy is yet to materialize and it is under continued development. We are monitoring how these developments will impact our green financing closely,” the Norwegian company added.

Transitioning from fossil fuels to low-carbon fuels is projected to be the most significant contributor to our emission reduction efforts from the baseline year 2022 to 2040. This shift will be complemented by significant technical and operational improvements to the company’s current fleet along with efficiency gains from new vessels. Together, these initiatives will b